China-based biotech Laekna teams up with Lilly to develop muscle preserving obesity drug
PEQNX Fund | USD 35.78 0.00 0.00% |
Slightly above 62% of Putnam Equity's investor base is looking to short. The analysis of overall sentiment of trading Putnam Equity Income mutual fund suggests that many investors are alarmed at this time. Putnam Equity's investing sentiment can be driven by a variety of factors including economic data, Putnam Equity's earnings reports, geopolitical events, and overall market trends.
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Lilly is aiming to strengthen its position as a leader in the obesity treatment market, which is expected to hit 150 billion in revenue by the next decade. Last year, the company spent about 2 billion to acquire Versanis drug that acts directly on fat cells, without prompting lean mass loss. Several other drugmakers including Regeneron and Scholar Rock are testing treatments that could help preserve muscle, which is often lost when patients lose weight through lifestyle changes, bariatric surgery or the use of GLP-1 treatments such as Lillys Zepbound and Novo Nordisks Wegovy.
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